Energy industry expert and assurance firm DNV has partnered up with 25 industry giants in a Joint Industry Project (JIP) aimed at enhancing technology development for floating offshore wind substations, with particular attention to how export…
Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak U.S. and European summer driving season.Brent crude for July…
Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters.The South American nation is a small…
U.S. oil company ConocoPhillips has reduced the estimate of the size of its Slagulge oil and gas discovery in the Norwegian Sea, after a nearby appraisal well came up dry.To remind, ConocoPhillips in December 2020 said it had made a „significant“…
Spanish company ACCIONA Energía has acquired 24% of the capital of the French company Eolink, which specializes in the development of floating foundations for offshore wind energy. With the acquisition, Acciona Energia has become the main shareholder in Eolink…
Ørsted on Monday warned that Russia's Gazprom Export could stop supplying gas to the Danish energy company because it has refused to pay in roubles, but such a move would not immediately put Denmark's gas supplies at risk.Russia's rouble payment…
Norwind Offshore, a Norwegian offshore wind-focused vessel owner has taken delivery of its first vessel - the Norwind Breeze - from Vard.The delivery took place Monday at 1 p.m. local time from Vard, Brattvåg, in Norway. Before the conversion…
UK-based electricity and gas supplier Centrica said Monday that all conditions for the sale of its subsidiary Spirit Energy’s Norwegian assets to Sval Energi AS and Spirit Energy’s interests in the Statfjord field to Equinor ASA for an initial headline consideration of $1…
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.The Brent crude futures contract for July…
Israel is renewing offshore natural gas exploration and hopes to reach an agreement soon for exporting gas to Europe, Israel's energy minister said on Monday.Energy Minister Karine Elharrar had said exploration for new gas fields would be put…
Floating offshore wind can be one of Norway's most important job creators in 2050, a new report from Menon Economics has shown.According to the report's findings, as shared by Norwegian Offshore Wind, the industry around floating offshore wind could create over 52…
UAE-based drilling contractor ADNOC Drilling said Monday it had signed a sale and purchase agreement to acquire two premium offshore jack-up drilling rigs.The two new drilling rigs, being acquired from Well Target Five Limited and Well Target Six Limited…
Jumbo Maritime has awarded Fugro a positioning and metocean services contract to help guide the safe transport and installation of a new floating production system (FPS) for Vito, a deepwater development in the US Gulf of Mexico.Fugro services will support both inshore and offshore towing of the 24…
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said…
Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil, wrote in RBC newspaper.Western sanctions…
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